Financial PerformanceMorgan Stanley's revenue rose 16% to USD15.4bn, while diluted EPS grew 36% to USD1.88, surpassing expectations.
Investment And Wealth ManagementMorgan Stanley has doubled its profit contribution from wealth and investment management from 26% in 2010 to 62% in 2023, capitalizing on the global wealth boom.
Market PositioningMorgan Stanley's capital markets revenue grew 21%, the best among the big five, driven by strong growth in investment banking and advisory services.